FOR IMMEDIATE RELEASE
General Inquiries: Jay Kraft, Liberty Property Trust, 804/934-4300
Media Contact: Margo Hunt Winans, a.s.a.p.r., 757/404-8653
LIBERTY PROPERTY TRUST’S WESTERRE IV RECEIVES LEED® GOLD
CORE AND SHELL CERTIFICATION
Award Marks the First Multi-Tenant Office Building in Richmond to Receive Certification
RICHMOND, VA – October 16, 2009 – Liberty Property Trust (NYSE: LRY), which owns and manages more than five million square feet of office and industrial space in the greater Richmond area, today announced that it has received LEED® (Leadership in Energy and Environmental Design) Gold Core and Shell (CS) certification by the U.S. Green Building Council (USGBC) for its Westerre IV building in Richmond.
“Liberty’s standard of development across the country aligns with the USGBC’s guidelines to create facilities which are healthy, environmentally responsible and economically efficient,” said Jay Kraft, vice president and city manager at Liberty. “We are thrilled that our Westerre IV project has received LEED Gold CS certification, a first of this kind in our region. Tenants of the Westerre IV building will enjoy the rewards of lower operating costs and increased employee productivity and retention.”
Westerre IV is the first privately owned multi-tenant Class A office building developed in Richmond, to receive the LEED Gold CS certification. The 78,120 square foot building’s environmentally friendly features include: tinted, energy-efficient glass, certified renewable woods, waterless urinals, low-flow shower heads and sensor faucets, water-efficient landscaping, high energy-efficient HVAC equipment with special filters and carbon dioxide monitors, a highly reflective white TPO roof membrane, and low emission paints, carpet and adhesives. The site also offers preferred parking for fuel efficient vehicles.
In addition, a central area is provided for the recycling of office waste, and Liberty also provides off-site recycling through TFC Recycling, one of the leading providers of Responsible Waste Solutions and recycling in the Mid Atlantic. The maintenance of the building is supported by a green cleaning program that includes environmentally-friendly cleaning solutions.
Westerre IV is located within the Westerre Office Park in Henrico County and is conveniently located near I-95, I-64, I-295 and Route 288, with numerous nearby amenities including lodging, dining, banking and shopping.
Achieving LEED Gold CS status for Westerre IV was a group effort: the architect was Freeman & Morgan; the engineer was Balzar & Associates, Inc.; the LEED consultant was Re:Vision Architects; the commissioning agent was Bala Construction Engineers, Inc.##; and the general contractor was Arco Design/Build.
Currently the building is 78% leased and tenants in the building include Northwest Mutual, VACO, Cannon Business Solutions and Hitachi Data Systems.
Liberty’s Commitment to Sustainable Development
Liberty has invested more than $1 billion in sustainable office, flex and industrial development projects across the United States. During the last three years the company has been named the National Association of Industrial and Office Properties (NAIOP) 2008 Developer of the Year; received the CoreNet Global 2008 Sustainability Leadership Award for Design & Development and the 2007 NAIOP Green Development Award; and was honored with the U.S. Green Building Council’s 2006 LEED (Leadership in Energy and Environmental Design) Corporate Leadership Award. Liberty is committed to creating work environments that limit resource consumption, improve building performance and promote human health and productivity.
About Liberty Property Trust
Liberty Property Trust (NYSE:LRY), headquartered in Malvern, PA, is dedicated to enhancing people’s lives through extraordinary work environments. The real estate investment trust (REIT) serves customers in the United States and United Kingdom through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 77 million square foot portfolio offers exceptional locations and flexible design to more than 2,100 tenants at 700 office, distribution and light manufacturing facilities. The company is a leader in the development of high performance green buildings. For more information please visit www.libertyproperty.com.